Corporate Treasurer | Micro Connect signs partnership with Choco Up, pushing RBF in Asia
The two revenue-based financing platforms want to provide easier access to funding for small businesses targeting markets in Southeast Asia and China.
Macau-headquartered exchange group Micro Connect recently announced a strategic partnership with Singapore-based Choco Up, Asia's largest revenue-based financing (RBF) platform.
RBF is a way of funding micro and small businesses in their early stage of development, without the need for collateral, therefore offering a more flexible and less expensive source of capital. Such financing vehicles are offered based on applicants' monthly recurring revenue (MRR) and operating history requirements.
The partnership between Micro Connect and Choco Up aims to foster the ecosystem for RBF development in Asia through collaborations across infrastructure and financing, according to a May 6 press release. [...]